Updated: Mar 9, 2022
Everything we do in business invariably involves a process - a series of actions or steps leading to an outcome. Even something as simple as paying your electricity bill is a process; Log into your bank app, select the payee, enter the amount, and confirm the payment. Serial entrepreneurs and investors have a process for setting up and starting new businesses. The process is not set in stone and varies from one project to the next but many of the steps will be the same regardless of the industry sector, product type or level of investment. The more complex the process and the more steps that are involved, the more opportunity there is for things to go wrong or steps to be missed. However, the more familiar you are with the process and the more times you follow it, the more likely you are to pick up on errors and hone it to an efficient, streamlined, fault free process.